$DAX 1 Hour Elliott Wave Analysis 5.28.2014

Index has completed wave ((w)) at  9810 &  wave (( x )) pull back @ 9534. Move up from 9534 is taking the form of an impulse and can reach as high as 10050 before we get pull back in wave ( b ) and higher again. We don’t like selling the Index in any  pull backs and will use wave ( b ) dip as yet another buying opportunity for the next push higher.

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